$495,000
●
Condo -
Off Market
1616 Windmill Lane #A
Corona, CA 92879
2 Beds
2 Baths
1,014 Ft²
$2,641
Est. Monthly
$239
HOA / Fees
7.16%
Cap Rate
About This Property
Seize this opportunity while it lasts to own a beautifully updated,
light-filled end-unit condo offering sweeping views and premium
upgrades for an unmatched value. This thoughtfully maintained
residence features 2 bedrooms, each with its own en-suite bathroom,
plus an attached 1-car garage and an additional dedicated private
driveway. Inside, you'll appreciate the new interior paint, new
stair carpeting and upstairs flooring, plus the piece of mind big
ticket upgrades like full re-pipe throughout the unit, complete
with new shutoff valves in the laundry room, bathrooms, and
kitchen. A new water heater provides added peace of mind, and a
newer HVAC unit ensures comfort year-round for years to come. The
downstairs is beautifully tiled for easy maintenance, and the HOA
is refreshingly low. Step outside to enjoy the community's inviting
pool, spa, walkways, and green belts - a perfect blend of privacy,
lifestyle, and convenience in one move-in ready home. With an
unbeatable location, you'll be walking distance to Excelsior
Charter School, Centennial High School, Garretson Elementary
School, & Crossroads Christian School!
Unit Size
1,014 Ft²
Days on Market
19 days
Land Size
-
Price per sqft
$482
Property Type
Condo
Property Taxes
-
HOA Dues
$239
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #OC25225008)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Oct 8, 2025 | In contract | - | |
| In contract | |||
| Sep 25, 2025 | Listed by Real Broker | $489,000 | |
| Listed by Real Broker | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Garage Spaces: 1
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: MultiplePrimarySuites, PrimarySuite
Laundry Features: In Garage
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 1014
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1985
Levels: Two
Pool Features: Association
Tax Lot: 18
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Pool, Spa/Hot Tub
HOA Fee: $239
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/25/2025
|
2 Bed
|
2 Bath
|
1014 ft²
|
$489,000
2 Bed
2 Bath
1014 ft²
|
$495,000
+1.23%
10/14/2025
|
BIJAN DASTMALCHIAN
REAL BROKER
| |
|
01/11/2023
|
2 Bed
|
2.5 Bath
|
1138 ft²
|
$485,000
2 Bed
2.5 Bath
1138 ft²
|
-
-
|
Jeff Davidson
Pacific Sotheby's Internationa
| |
|
06/23/2017
|
2 Bed
|
2 Bath
|
1014 ft²
|
$295,000
2 Bed
2 Bath
1014 ft²
|
$295,000
07/31/2017
|
Edward Mazmanian
Re/Max Partners
|
Building Info
About Central Corona
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Listed by: Justin Tye, Real Broker
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25225008
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25225008
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